RES 83169 - Laserfiche WebLink

Public street improvements within the boundaries Qf the assessment district and specifically on Gibraltar Drive, Stoneridge Drive east of Hopyard Road, inglewood Drive, Coronado Lane, West Las Positas Boulevard east of Hopyard Road, Willow Road and Hacienda Drive, including street grading and paving, concrete work, sanitary sewers, storm drains, water mains, underground utility vaults, bridges and utility conduits; improvements to flood control channels as these channels are delineated on said parcel map as Lots A, B, C, D and E; so far as all such improvements have been installed, and only to the extent that such improvements have been installed, before March 22, 1983; together with the acquisition of capacity rights in City utility facilities. The parties acknowledge that certain planned improvements within Hacienda have not yet been constructed and that these unconstructed improvements are not included within the improvements which are the subject of this agreement. 2. PRICE. The price to be paid by the City for the improvements described in paragraph 1 sha~l be FORTY-ONE MILLION ONE HUNDRED THOUSAND DOLLARS ($41,100,000.00). This amount shall be paid to the Owners as follows: To Prudential: $33,000,000.00 To CPP: 8,100,000.00 The parties acknowledge that the price stated herein is a negotiated price and that the price may be either more or less. than the amounts ~ctually expended by the Owners in constructing the Impr6vements. The parties further acknowledge that, in' negotiating the pr,ice, they have relied on the amounts stated in Appendix A to this agreement; that these amounts have been gathered from records of the Owners as amounts actually expended (or, where so stated, imputed) in the construction of the Improvements; that certain of these amounts are estimated